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Newell, IA Real Estate


According to census data in the year 2000 there were 388 housing units in Newell. This represents a 2.5% decline from 398 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 388 were located in what is classified as a rural area.

Homeownership rate in Newell is about 84%. Newell's vacancy rate, including seasonal lodging, is about 6.4%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Newell were built after 1945.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.50%
Two Bedrooms28.90%
Three Bedrooms38.90%
Four Bedrooms18.30%
Five Bedrooms or more6.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1942
Median Value of occupied units$46,700
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1954
Median Monthly Rent asked for vacant units$265

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.70%
Home Equity Loan5.80%
Simple Mortgage52.60%
Debt Free40.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%